Yes, we are all here because we can agree there is "value" in SHE at these levels.
But,,,I've said this before - "there's no point holding onto value you can't realise eventually"
I guess where we all have different opinions is on the time definition of "eventually". If SHE is still undervalued at 1.4c in 3 years time, would we consider that a good outcome? What about in 1 years time or 7 years time??
If SHE was regularly paying out a percentage of earnings (like a lot of junior oil co's and coal co's do), then the daily share price becomes a little less relevant, and we go to tracking interim and final dividend rations across the years. They may have a negative EV still at that future point in time, but you won't care because you are directly participating in the free cashflow
Let me rephrase - if SHE declared a 0.3cps dividend in the next quarterly, that would reduce cash balances by $2m. What would this prevent SHE from achieving operationally? My challenge is - this would NOT stop SHE from any of their current operational plans, and would merely represent a prudent allocation of capital for a sustainable long-term business, with current well revenue continuing to be both re-invested in new developments as well as returned to shareholders.
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Mkt cap ! $5.475M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $1.845K | 215.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 3289121 | 0.8¢ |
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Price($) | Vol. | No. |
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0.9¢ | 951782 | 2 |
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No. | Vol. | Price($) |
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4 | 3264121 | 0.008 |
5 | 3381913 | 0.007 |
8 | 4032927 | 0.006 |
3 | 2000000 | 0.005 |
2 | 1300000 | 0.004 |
Price($) | Vol. | No. |
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0.009 | 951782 | 2 |
0.010 | 620037 | 3 |
0.011 | 699075 | 2 |
0.012 | 421052 | 1 |
0.013 | 100000 | 1 |
Last trade - 15.48pm 07/06/2024 (20 minute delay) ? |
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